Restaurant and Bar
For Sale
$350,000
3500 Fort Henry Dr, Kingsport, TN 37664
Equipped restaurant property with commercial kitchen, dining areas, bar service, paved parking, and recent building upgrades.
Property Size2,656 SF
Lot Size0.17 Acres
Price / SF$131.78
Days on Market80
Property Features for 3500 Fort Henry Dr
General Information
Standard status
Active
Size
2,656 SF
Lot size
0.17 Acres
Property subtype
Commercial
Restaurant
Hood Type
Type I
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Sprinkler System
Yes
Building Details
Year Built
1953
Listing Agency:
Conservus Homes
Listed By:
Bud Beverly · License #4721
(423) 341-2027
Source:
Easttennesseelistings
Added: Aug 6
Changed: Oct 1
Last Checked: Oct 23 at 7:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Conservus Homes
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Investment Insights
Based on property information with market context.
This 2,656-square-foot restaurant property at 3500 Fort Henry Drive includes dining and bar areas, a commercial kitchen, office shelving, paved parking, and access. The kitchen equipment package includes a Waco pizza oven, Alto-Shaam/Halo Heat convection proofing oven, griddle, range top, dual fryers, walk-in cooler, refrigeration, ice machine, dishwasher, exhaust hood, and stainless preparation surfaces. Bar improvements include a 14-tap draft system, eight-flavor soda dispenser, coffee equipment, furnishings, glassware, and televisions.
The property sits on approximately 0.17 acre in Kingsport. Capital work completed during 2024-2025 includes new heat pumps, a complete electrical rewire with dual 200-amp Leviton Smart Panels, and a fully permitted fire sprinkler system. Furniture, décor, smallwares, security equipment, technology, and Toast POS hardware are intended to convey, subject to applicable contracts and transfer requirements. The restaurant is not currently operating, and a detailed FF&E and conveyance list is available.
The property sits on approximately 0.17 acre in Kingsport. Capital work completed during 2024-2025 includes new heat pumps, a complete electrical rewire with dual 200-amp Leviton Smart Panels, and a fully permitted fire sprinkler system. Furniture, décor, smallwares, security equipment, technology, and Toast POS hardware are intended to convey, subject to applicable contracts and transfer requirements. The restaurant is not currently operating, and a detailed FF&E and conveyance list is available.
Key Highlights
- 2,656‑square‑foot restaurant property on approximately 0.17 acre
- Extensive commercial kitchen package with pizza oven, fryers, refrigeration, dishwasher, and Type‑1 exhaust hood
- 14‑tap draft beer system and 8‑flavor soda dispensing system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,087
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,740
$561.7K
Cap Rate 7%
$401,243
$401.2K
Cap Rate 9%
$312,078
$312.1K
Market Conditions
NOI Build-Up for 2,656 SF
Gross rent
$39.8K $15.00/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$37.4K $14.10/SF
− OpEx
−$9.4K −$3.53/SF
NOI
$28.1K $10.58/SF
Area
Sullivan County, TN
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,740
Cap Rate 7%
$401,243
Cap Rate 9%
$312,078
Alternative Uses
Best Use
Specialty Retail
$401.2K
$351.1K – $468.1K
NOI $28,087 @ 7.0% cap · market cap 8.02%
Second Best
Industrial
$251.3K
$219.9K – $293.2K
NOI $17,592 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$994.6K
$870.3K – $1.16M
NOI $69,624 @ 7.0% cap · market cap 19.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37664, TN
28,748
Population
13,914
Households
2.1
Avg Household Size
44
Median Age
34%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
848
Density / Sq Mi
$61,164
Median Household Income
$37,047
Median Earnings
$817
Median Rent
$204,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Equipped restaurant property with commercial kitchen, dining areas, bar service, paved parking, and recent building upgrades.
Where is this conventional restaurant located?
The property is located at 3500 Fort Henry Dr Kingsport, TN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,656‑square‑foot restaurant property on approximately 0.17 acre; Extensive commercial kitchen package with pizza oven, fryers, refrigeration, dishwasher, and Type‑1 exhaust hood; 14‑tap draft beer system and 8‑flavor soda dispensing system
